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Celsius and Core Scientific Reach $45 Million Settlement Deal Following Mining Facility Dispute
15.9.2023
Digital asset miners Core Scientific and Celsius Mining have struck a $45 million deal over the Cedarvale mining site after months of litigation.
According to the court filing, both companies have resolved to settle all disputes in a deal that both companies describe as beneficial to the entire...
Celsius and Core Scientific propose $14M settlement for litigation
15.9.2023
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million
BNB Chain Layer 2 Goes Live
15.9.2023
BNB Chain, the Binance-backed decentralized blockchain network, has announced the launch of Opbnb, its expansion layer built using the Optimism OP stack. The new network allows users to enjoy low-fee transactions in a high-throughput, high-speed transactional layer optimized for interactive...
What Is XRP? A Brief History of the Real-Time Gross Settlement System
13.9.2023
While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and...
Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network
13.9.2023
David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value over the internet and that we were still in...
Visa explores USDC settlement payments on Solana blockchain
11.9.2023
Visa, a giant in the financial services industry, recently announced its expansion into USDC payments on the Solana blockchain. This news signifies a significant adoption of cryptocurrency for Visa and marks the first step towards borderless payments, carried out virtually with no intermediaries...
Visa shift its stablecoin settlement capabilities to Solana
6.9.2023
Visa, which is on the top of the list in payments, is planning to shift its stablecoin settlement potential to the Solana blockchain. This is an integral part of its plan to upgrade cross border movement. For this, it has formed associations with Worldpay and Nuvei. Through live pilot projects...
Breaking: Payments Firm VISA to Begin Using Solana Blockchain for Stablecoin Settlements
5.9.2023
Visa, the global payments giant, has unveiled its expansion into the world of stablecoin payments, featuring integration with the Solana blockchain, and has initiated collaborations with prominent merchant banks, Worldpay and Nuvei....
Read More: Breaking: Payments Firm VISA to Begin Using Solana...
Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers
5.9.2023
Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued...
Visa taps into Solana to widen USDC payment capability
5.9.2023
The global payments firm has expanded its stablecoin settlement capability to include USDC tokens issued on the Solana blockchain
Attorney outlines Ripple-SEC settlement path amid Coinbase case impact
3.9.2023
Deaton clarified that even if an appeal were possible in such a situation, the agency's authority would be diminished
Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
28.8.2023
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using...
Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement
24.8.2023
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said
FTX Modifies Settlement Motion After US Trustee Objection in Bankruptcy Case – What's Going On?
22.8.2023
Bankrupt crypto exchange FTX submitted a "Reply" on Sunday, August 20, to back its Settlement Plan and address the US Trustee's objection to the Motion.
On August 16, FTX Trading and its associated debtors submitted a court filing titled "Motion of Debtors for an Order Authorizing Procedures...
FTX's Debtors Revise Settlement Proposal After Objection From U.S. Trustee
21.8.2023
Bankrupt crypto exchange FTX's debtors have revised their motion for settlement after the U.S. Trustee objected to an earlier motion
FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute
18.8.2023
According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.
With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested...
FTX seeks $175M settlement with Genesis entities to resolve dispute
17.8.2023
However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
14.8.2023
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
SEC announces $24M settlement for case against Bittrex and its former CEO
10.8.2023
The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global